New report published by QY Research which offers insights on the global Front Windshield market. The Front Windshield market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Front Windshield is expected to reflect a 15% increase in the revenue growth. In 2018 the global Front Windshield market was valued at US$ 4,330 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 4,863 Mn growing at a value CAGR of 1.8% throughout the period of forecast.
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Global Front Windshield Market: Market Driver and Restraint
Front Windshield market is driven by the increasing of automotive production. The purpose of a windshield is to protect the occupants from debris, including insects, dust, and the wind while providing aerodynamic windows in the front. Windshields may have UV coatings added for protection against ultraviolet radiation. In recent years, global automotive industry growing steady. The automotive production growth rate in Asia Pacific is rather fast, while the growth rate in North America and Europe is relative slow.
The market in Asia-Pacific is anticipated to expand at a substantial growth rate during the forecast period. GDP, countries in Asia-Pacific is expanding at a significant growth rate. The demand for these vehicles and presence of rapidly expanding economies such as China and India are anticipated to drive the market in the region.
Global Front Windshield Market: Key Takeaways
· The key differentiation strategy is to offer better products, in order to leverage opportunity arising from the rising demand for better product performance
· One of the major challenges for the Front Windshield market is the automotive production growth rate declining. With the automotive market is more and more mature, the growth rate of automotive production is slowing down
Global Front Windshield Market: Forecast by Type
This segment includes Passenger Car Windshield and Commercial Vehicle Windshield. The average selling price for Commercial Vehicle Windshield is relatively high in global Front Windshield market than other segments. Passenger Car Windshield segment is expected to remain dominant in the global Front Windshield market throughout the forecast period with a revenue share of 75% in 2018. Passenger Car Windshield segment is expected to rank relatively high on the attractiveness index in the global Front Windshield market by 2018 end, and it is expected to account for a relatively higher growth rate in the Front Windshield market over the forecast period.
Global Front Windshield Market: Forecast by Application
Application segment consists of OEM and Aftermarket. Among the market, Front Windshield finds application for OEM, which was estimated to account for a sales share of 77.71% within the entire industry segment in 2017.
Global Front Windshield Market: Forecast by Region
North America, Europe, China, Japan, India, Southeast Asia and Rest of the World are the seven regions that are included in this report. Europe is the dominant market in the global Front Windshield market in terms of value. The Europe Front Windshield market was estimated to be valued at US$ 1,083 Mn in 2017 and is expected to expand at a value CAGR of 0.86% over the forecast period. The China market is expected to expand at a robust rate of 3.13% in terms of revenue over the forecast period due to the steadily increasing production of automotive in this region.
Global Front Windshield Market: Key Players
AGC, NSG, Fuyao, Vitro, Saint-Gobain, CGC and XYG are the key vendors included in this report.
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